September 13, 2013 – MDT – Yen Adjustment!!

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

We’re lowering our Buy stop in the Yen to 100.66 intra day stop.

It’s presently stuck in the middle of a 100 point area.

I’d rather play it really tight and avoid the weekend exposure, than to turn this into a loser.

There will be plenty of opportunity next week.

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